https://www.taxtmi.com/caselaws?id=768674 ITAT Mumbai allowed the assessee's appeal on two grounds. First, the tribunal held that indexation benefit should be calculated from the allotment date (3/12/2010) rather than full payment date, as acquisition occurs upon allotment. Second, the AO's denial of set-off of brought forward long-term capital losses against long-term capital gains was overturned, as the AO failed to consider relevant documents and had previously allowed similar claims without objection. en-us Thu, 27 Mar 2025 00:00:00 +0530 Fri, 11 Apr 2025 08:40:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768674 ITAT Mumbai allowed the assessee's appeal on two grounds. First, the tribunal held that indexation benefit should be calculated from the allotment date (3/12/2010) rather than full payment date, as acquisition occurs upon allotment. Second, the AO's denial of set-off of brought forward long-term capital losses against long-term capital gains was overturned, as the AO failed to consider relevant documents and had previously allowed similar claims without objection. Case-Laws Income Tax Thu, 27 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768674